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GBP.CHF - Short Opportunity @ MarketOn the GBP.CHF 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup. The price reversal zone on this pair is between 1.2832 & 1.2851 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move. There is also an opportunity to look for extended targets at around 1.2700 Stop loss would be placed above X leg structure resistance. Target 1 - 1.2776 Target 2 - 1.2742
Short
by UnknownUnicorn180388
12
AUD.JPY - Long Opportunity @ 83.153On the AUD.JPY 15min chart we have a potential long opportunity's at the D leg completion of bullish Bat setup. The price reversal zone on this pair is between 83.153 & 83.048 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move. There is also an opportunity to look for extended targets at 84.000 Stop loss would be placed below X leg structure support . Target 1 - 83.485 Target 2 - 83.687
Long
by UnknownUnicorn180388
4
EUR.NZD - Long Opportunity @ Market On the EUR.NZD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Bat setup. The price reversal zone on this pair is between 1.5222 & 1.5200 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move. There is also an opportunity to look for extended targets at 1.5350 Stop loss would be placed below X leg structure support. Target 1 - 1.5278 Target 2 - 1.5313
Long
by UnknownUnicorn180388
16
EUR.USD - Short Opportunity @ 1.0757On the EUR.USD 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup. The price reversal zone on this pair is between 1.0757 & 1.0777 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets at around 1.0695 Stop loss would be placed above X leg structure resistance. Target 1 - 1.0728 Target 2 - 1.0710
Short
by UnknownUnicorn180388
31
Is it crazy to short pound? Let's check price action!Hey guys, i know what you may think, probably after one day like this for the pound you wouldn't even consider a shorting possibility. However, patterns are always repeating, and our job, as techincal trader, is to find those patterns and keep trading them. So here on the daily timeframe on the GBPCHF you can see that the today's rally has brought price up to the completion point of the Gartley pattern and the AB=CD pattern. This level also lines up with a psychological number, and most likely after today's close we'll be in overbought condition. All the usual clues are there, the only part missing is a price action signal, that this time should be very strong; be careful when trading against the actual trend. I'm going to pay attion to 4hr and 1hr charts to find trading opportunities within as long as price is in the blue box. I'll keep you updated. If you want to share your view, or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
EUR.NZD - Short Opportunity @ 1.5399On the EUR.NZD 4hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup. The price reversal zone on this pair is between 1.5399 & 1.5483 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets at around 1.5100 Stop loss would be placed above X leg structure resistance . Target 1 - 1.5284 Target 2 - 1.5211
Short
by UnknownUnicorn180388
8
Intraday Pattern on AUDJPYHey guys, i don't usually trade in these lower timeframe, but this time i think it could be a nice level to short. The blue line represents a previous level of structure, and price has created new lows breaking through that level. So i'm thinking it could turn into resistance and hold the price's rally. Stops above X, targets as usual for harmonic patterns. If you have any questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
Intraday Bat Pattern on AUDJPYHey guys, i don't usually trade in these lower timeframe, but this time i think it could be a nice level to short. The blue line represents a previous level of structure, and price has created new lows breaking through that level. So i'm thinking it could turn into resistance and hold the price's rally. Stops above X, targets as usual for harmonic patterns. If you have any questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
AUDUSD 2618 / Bearish Bat We have had a 2618 happen which was my initial reason for entry. this also tied with a possible completion of a abcd pattern at previous highs which gives us the 1.618 fib extension at a monthly key level. When I was looking at the Daily time frame we have had our impulse leg down, 50% fib and also a strong 618 retracement from the recent push upwards. All of this again gives further confluence with the 886 level right at the previous daily highs and Key level
Long
by Wonour
EUR.AUD - Short Opportunity @ 1.4268On the EUR.AUD 4hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup. The price reversal zone on this pair is between 1.4268 & 1.4310 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move. There is also an opportunity to look for extended targets at around 1.4000 Stop loss would be placed above X leg structure resistance. Target 1 - 1.4158 Target 2 - 1.4089
Short
by UnknownUnicorn180388
58